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Article 19. Goods originating from the Canton-Hankow Railway shall pay freight in Chinese National currency and goods originating from the British Section of the Canton-Kowloon Railway shall pay freight in Hong Kong currency. Transit freight charges shall nor- mally be determined to the nearest five cents by the use of the "Current Rate of Exchange" which is the average opening selling rate of exchange calculated to the nearest point between Chinese National currency and Hong Kong currency or between Hong Kong currency and Chinese National currency respectively, from the 16th of the preceding month to the 15th of the current month, as obtained daily from the Central Bank of China.
Preceding
Article 20. If the opening selling rate fluctuates from the "Cur- rent Rate by more than five points, then the former rate calculated to the nearest point shall be adopted to compute Transit freight charges for a period of seven days commencing on the day following that on which such fluctuation occurs. Subsequent amend- ment shall be determined, in a similar manner, by the opening selling rate of exchange on the last day of the seven days period.
Provisions Governing the Division of Transit Rates. Article 21. The sharing of transit rates between the Railways shall be according to the regulations provided below:-
(i). The Chinese Section of the Canton-Kowloon Railway, and the Canton-Hankow Railway, shall receive from the British Section of the Canton- Kowloon Railway their appropriate shares in Chinese National currency as laid down in their Transit Rates Schedules, of all Transit receipts collected by the latter Railway.
(ii). The Chinese Section of the Canton-Kowloon Railway shall receive from the Canton-Hankow Rail- way its appropriate share in Chinese National Currency as laid down in its Transit Rates Schedule, of all Transit receipts collected by the latter Railway.
(iii). The British Section of the Canton-Kowloon Railway shall receive from the Canton-Hankow Rail- way its appropriate share in Hong Kong currency as laid down in its Transit Rates Schedule, of all Transit receipts collected by the latter Railway.
(iv). For division purposes the conversion of Chinese National currency into Hong Kong currency or vice versa, shall be at the "Division Rate of Exchange "which is the average of the daily rates of exchange used during the preceding month in computing Transit freight charges.
Through Booking of Goods.
Article 22. Conditions governing the Carriage of Goods shall be those laid down in the following publications of the Ministry:
(i). The General Regulations relating to the Carriage of Goods by Goods Trains.
(ii). Detailed Rules relating to the handling of
Railway Goods Traffic.
(iii). The General Classification of Goods.
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Article 23. All Transit consignments with the exception of those listed in Article 7 of the General Regulations relating to the Carriage of Goods by Goods Trains shall be carried at
Railway Risk "
Article 24. The responsibility for damage to or loss of Goods in transit shall, subject to the conditions governing the Carriage of Goods, be determined in accordance with the principles laid down in Articles 7, 9 and 10 of this Agreement relating to Accidents.
Article 25. Transit consignments shall be booked on the Chinese National Railway Invoices as modified to suit Joint Transportation.
Article 26. Traffic may be forwarded either "Paid" or "To Pay"
at the option of the consignor.
Accounts.
Article 27. The accounts of all Transit Traffic shall be kept by each Administration according to a uniform method to be mutually agreed upon between the three Administrations, and such accounts shall be open to inspection by a duly authorised representative of either of the other two Administrations at all reason- able times.
Article 28. Monthly accounts for Transit Traffic shall be kept by the three Administrations and shall be completed as soon as possible after the last day of each month. After the statements of such accounts have been exchanged between the three Administrations, they shall be signed by the Managing Director of the Canton-Hankow Railway, the Managing Director of the Chinese Section of the Canton-Kowloon Railway, and the Manager of the British Section of the Canton- Kowloon Railway.
Article 29. As soon as possible after the last day of each month, preliminary statements of Debits and Credits shall be exchanged between the three Administrations and mutually agreed upon when payments on account in respect of any balances shall be made.
Article 30. Half yearly accounts for the periods from the 1st of January to the 30th June and from the 1st of July to the 31st December shall be prepared from the monthly accounts statements and the necessary finan- cial adjustments shall be made after such accounts are agreed to by the three Administrations.
Telegrams, Mails, Letters and Parcels.
Article 31. Telegrams, mails, letters and parcels on Railway service shall be sent and received by each line free of charge. This arrangement shall apply to the carriage of Customs documents sent in direct connec- tion with goods traffic.
Article 32. Arrangements for the conveyance of Transit Mails shall conform to the conditions laid down by the Ministry, although in the event of special circum- stances arising they shall be decided by the three Administrations on a contract basis.
Sex Schedule "C"